FINANCIAL NEWS

Egypt-Beltone Financial to set up USD1bn fixed income fund

14 Aug 2017

(MENAFN) Egypt’s Beltone Financial will launch an USD1bn investment fund in fixed income instruments in Sep, as proclaimed its chief executive officer.

Furthermore, the investment bank plans to raise USD150-200mn in the first phase of the investment fund.

Meanwhile, Beltone aims to acquire brokerages in Egypt and frontier markets, while the firm is projected to manage the basic public offering of a pharmaceutical firm worth more than USD56.37mn.

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MENAFN1408201700450000ID1095728025

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